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HMRC internal manual

Capital Gains Manual

Gifts: instalments: introduction

TCGA92/S281An election may be made to have any Capital Gains Tax liability due on a gift paid by instalments where:

  • no consideration is received by the donor or it is a deemed disposal under TCGA92/S71 (1) or TCGA92/S72 (1)


  • hold-over relief is not available, or in certain circumstances where relief was available but has been clawed back


  • the gift is of:

    • land


    • a controlling holding of shares and securities


    • any holding of shares and securities in an unquoted company, (from 1 April 1996, unlisted company, see CG50250+). Shares traded on the Alternative Investment Market (AIM) are unlisted, see CG50260.The instructions at CG66530+ tell you how to deal with such claims.